Remittance Due definition

Remittance Due shall be an amount equal to the HPS compensation for the prior month, commissions paid during the prior month, all investment earnings generated by the Custodial Account and other reimbursable items that may include, but not be limited to, premium refunds, attending physician statements, PPO Directories, and third party vendor payments, all such amounts may be estimated as necessary with an adjustment in the following month for any over payment or under payment.
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Remittance Due means, with respect to any month, an amount equal to the Collected Premium for such month, minus the compensation provided in Article IX.
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Remittance Due shall have the meaning set forth in Section 5.4 of this Agreement.
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Examples of Remittance Due in a sentence

  • The term "Remittance Due" shall be an amount equal to the HPS compensation for the prior month, commissions paid during the prior month, all investment earnings generated by the Custodial Account and other reimbursable items that may include, but not be limited to, premium refunds, attending physician statements, PPO Directories, and third party vendor payments, all such amounts may be estimated as necessary with an adjustment in the following month for any over payment or under payment.

  • Remittance Due Date - Each Employer shall file weekly remittance reports with the purchase of their benefit payment receipt.

  • For purposes of this Agreement, "Remittance Due" shall mean, with respect to any month, an amount equal to the Collected Premium for such month, minus the compensation provided in Article IX.

  • If such Notice has been given and the Ceding Company has paid only a portion of the Owed Amounts and Delayed Payment Interest within such Notice period following sixty (60) calendar day from the Remittance Due Date, the Parties will strive to agree on how to address remaining payments on any outstanding Owed Amounts and Delayed Payment Interest in a mutually acceptable manner.

  • In the event that such Owed Amounts are unpaid after sixty (60) calendar days from the Remittance Due Date, the Reinsurer may give the Ceding Company Notice that the Reinsurer's liability with respect to the Reinsured Business having Owed Amounts past due will terminate if the Owed Amounts past due, including the Delayed Payment Interest thereon, are not paid within ninety (90) calendar days from the date of the Notice.


More Definitions of Remittance Due

Remittance Due shall have the meaning set forth in Section 11.4 of -------------- ------------ this Agreement.
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Related to Remittance Due

  • Remittance Date With respect to each Distribution Date, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of the month in which such Distribution Date occurs.

  • Remittance Period means, (a) as to the initial Payment Date, the period beginning on, and including, the Closing Date and ending on, and including, the Determination Date immediately preceding such Payment Date and (b) as to any subsequent Payment Date, the period beginning, and including, on the first day after the most recently ended Remittance Period and ending on, and including, the Determination Date immediately preceding such Payment Date, or, with respect to the final Remittance Period, the Collection Date.

  • Remittance Amount means the funds denominated in Singapore Dollars or United Stated Dollars which is to be debited from the Customer's Account(s) and converted into the specified Foreign Amount.

  • Master Servicer Remittance Amount With respect to each Master Servicer and each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in such Master Servicer’s Collection Account as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan serviced by such Master Servicer that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property serviced by such Master Servicer after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan serviced by such Master Servicer with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from such Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a), and (vi) any amounts deposited in such Collection Account in error; provided that the Master Servicer Remittance Amount with respect to such Master Servicer for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

  • Servicer Remittance Date With respect to any Distribution Date, the 18th day of the calendar month in which such Distribution Date occurs or, if such 18th day is not a Business Day, the Business Day immediately following.